ESOP vs. 401(k): What’s the Difference and How They Work Together
At 20/20 Plumbing & Heating, we’re committed to providing our employees with the best possible tools for building a secure financial future. Two of the key benefits we offer are our Employee Stock Ownership Plan (ESOP) and our 401(k) retirement plan. While both are designed to help you save for retirement, they work in different ways and complement each other to maximize your financial growth. Let’s break down the differences between the ESOP and 401(k) and explore how they work together to give you a solid foundation for retirement.Read more